Local market reports › PE area › PE32 › PE32 2
East Lexham market report PE32 2, King'S Lynn
The standing PE32 2 (East Lexham) property market report, rebuilt from the full public record every month. This page is built from the public record and nothing else: 3,200 completed sales registered with HM Land Registry in PE32 2 (King'S Lynn) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: 28 registered 2026 sales put the PE32 2 (King'S Lynn) median at £294,000, down 5% on five years earlier, with a mean of £335,600, and by floor area homes here have averaged about £3,270 per square metre over the last five years. Everything rests on 3,200 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.
PE32 2 is a postcode sector: one group of streets inside PE32 (King'S Lynn). This is as local as the public record gets, but sector medians move on fewer sales than a district's, so expect the lines to be lumpier.
Where PE32 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What buyers actually paid in PE32 2
The PE32 2 median stands at £294,000 for 2026, built from 28 registered sales; the mean, the figure usually quoted as the "average house price", is £335,600, modestly above it, the usual shape of a market with an expensive tail.
House prices per square metre in PE32 2
Averaged across five years of sales, floor space in PE32 2 costs about £3,270 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
England and Wales as a whole trade at a £285,000 median, leaving PE32 2 3% above the national figure.
PE32 2's median sold price, 1995 to 2026
Year by year: the median as it was recorded, and the same figure brought into today's money with ONS CPIH, which is where "did homes get dearer" actually gets answered. Hover shows each year; the legend isolates a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £294,000 | £294,000 | 28 |
| 2025 | £300,000 | £307,174 | 87 |
| 2024 | £302,500 | £321,620 | 80 |
| 2023 | £355,000 | £390,058 | 82 |
| 2022 | £345,000 | £404,552 | 111 |
| 2021 | £310,000 | £392,500 | 121 |
| 2020 | £290,000 | £376,281 | 87 |
| 2019 | £249,500 | £327,035 | 114 |
| 2018 | £250,000 | £333,255 | 107 |
| 2017 | £238,500 | £325,290 | 108 |
| 2016 | £230,000 | £321,772 | 108 |
| 2015 | £220,000 | £310,860 | 111 |
| 2014 | £217,200 | £308,136 | 118 |
| 2013 | £195,000 | £280,586 | 94 |
| 2012 | £179,000 | £263,466 | 92 |
| 2011 | £180,000 | £271,731 | 92 |
| 2010 | £196,200 | £307,692 | 72 |
| 2009 | £195,000 | £313,464 | 90 |
| 2008 | £200,000 | £327,842 | 63 |
| 2007 | £211,000 | £357,915 | 127 |
| 2006 | £161,000 | £279,475 | 132 |
| 2005 | £160,000 | £284,736 | 97 |
| 2004 | £154,500 | £280,602 | 97 |
| 2003 | £160,500 | £295,680 | 89 |
| 2002 | £125,000 | £235,186 | 120 |
| 2001 | £96,000 | £184,555 | 121 |
| 2000 | £88,000 | £172,700 | 112 |
| 1999 | £66,000 | £131,535 | 135 |
| 1998 | £60,000 | £121,114 | 92 |
| 1997 | £56,000 | £114,845 | 112 |
| 1996 | £59,000 | £124,428 | 121 |
| 1995 | £56,800 | £123,474 | 80 |
In cash terms the typical PE32 2 home went from £56,800 in 1995 to £294,000 in 2026, roughly 5 times the price. Adjusted for inflation it still comes to a real rise of roughly 138%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2022. The market now sits about 27% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the PE32 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2000 (+33.3% on the year before); the weakest, 2024 (−14.8%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What PE32 2 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −2.0% | −4.3% |
| 5 years (since 2021) | −1.1% | −5.6% |
| 10 years (since 2016) | +2.5% | −0.9% |
| 20 years (since 2006) | +3.1% | +0.3% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
Sales activity in PE32 2
How many homes change hands
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
Over the last twelve months of data, 28 sales completed in PE32 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 112 sales a year before the financial crisis and 78 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
What tenants pay around PE32 2
PE32 2 falls under Breckland, where the ONS puts the average private rent at £920 a month (May 2026 figures). The spread runs from £659 a month for a typical one-bed to £1,507 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Breckland
ONS Price Index of Private Rents, May 2026.
Against the £294,000 median purchase price, a rent of £920 a month (£11,040 a year) works out at a 3.8% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
What kind of market PE32 2 is
Only 28 sales completed here in the last twelve months of data, which makes PE32 2 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching.
Common questions on PE32 2 (East Lexham)
Are property prices falling in PE32 2 (East Lexham)?
Is PE32 2 (East Lexham) a good place to buy a house?
How much did a house sell for in PE32 2 (East Lexham)?
What happens to PE32 2 prices now?
The record answers a different question than "what happens next": the median is down 5% over five years in cash but down 25% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What is for sale in PE32 right now
This is what you could actually buy today: 77 homes currently on the market from 5 agents publishing to HomesIndex.
These cover the whole PE32 district, not just PE32 2: live asking prices are collected per district.
Of everything listed here, 26% asks less than the sold record of comparable homes. Each listing is compared with recent recorded sales of similar homes nearby.
- Braemar Litcham Road, Great Dunham, King's Lynn, King's Lynn
- The Green, Weasenham, King's Lynn
- Church Street, Litcham, King's Lynn, ...
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every PE32 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Bedroom by bedroom: PE prices by size
The Land Registry record, split by size: what each kind of home actually sold for across the PE area. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £245,000 | £338,000 (+38%) | £482,750 (+43%) | £645,000 (+34%) |
| Semi-detached | £187,000 | £220,000 (+18%) | £257,500 (+17%) | £340,000 (+32%) | £455,000 (+34%) |
| Terraced | £170,000 | £195,000 (+15%) | £225,000 (+15%) | £300,000 (+33%) | £465,000 (+55%) |
| Flat | £120,000 | £155,500 (+30%) | £230,000 (+48%) | — | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the PE area is the point: the same five years treated these districts very differently.
Five-year change in the median, PE area districts
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in PE32
A few minutes' walk can separate two very different markets. Here are PE32's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| PE32 1 | £290,000 | 50 |
Zoom out to the full PE32 district report for the type split, monthly volumes and how PE32 compares with its neighbours.
Selling a home in PE32 2? Price it on the evidence
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in PE32 2, open the average prices map and zoom from the PE32 2 shading down to the sold homes on your own street. Every recorded PE32 2 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim PE32 2.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about PE32 2. Free, with a one click sign in.
See every individual PE32 2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.